In the Media | April 2015

Wall Street Watchdogs Should Prevent Crises, Not Build Buffers

By Pedro Nicolaci da Costa
The Wall Street Journal, April 22, 2015. All Rights Reserved.

The effort by financial regulators to ensure big banks and other financial institutions have adequate levels of capital is misguided since that will only help lessen the impact of a crisis, not prevent one.

That’s the conclusion of Eric Tymoigne, an economist at Lewis & Clark Collegein a presentation last week at the Levy Economics Institute‘s 24th Minsky Conference.


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